Latest Economics News
Applications of Opportunity Cost
The concept of opportunity cost has been widely used by modern economists…
Determinants of Elasticity of Supply
Nature of the commodity: The supply of durable goods can be increased…
Factor Determining Supply or Supply Function
Price of the commodity: When the price of a commodity in the market…
Industrial Reconstruction Bank of India (IRBI)
About: (i) Industrial Reconstruction Corporation of India (IRCI) was established to provide financial…
State Financial Corporations (SFC)
About: v SFC was established in 1951 after three years of the establishment…
Credit Creation by Commercial Bank
• A commercial bank is called a dealer of credit. • It can create…
Exceptions to the law of demand
Conspicuous goods: These are certain goods which are purchases to project the status…
